Citycon divests Trekanten in Oslo

Trekanten in Oslo.

Image: Citycon

Citycon divests Trekanten in Oslo

Norway — Citycon has signed an agreement to divest Trekanten in Oslo for a gross purchase price of NOK 1,325 million (approx. EUR 112 million). The price is in line with the latest IFRS fair value of the asset, excluding the value of existing building rights. The transaction is estimated to close by the end of September.

2024-09-09

This transaction is part of Citycon’s ongoing divestment programme targeting EUR 350 million of assets sales by the end of 2024. The proceeds from this transaction will be used to repay debt and to further strengthen Citycon’s investment grade balance sheet.

Axel Ohlsson

[email protected]